Why bother to sell? You incur taxes. You get out when others want in. You run the risk of missing a 40-point move. A 40-point move!!!! A 40-point move!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (Have I emphasized that appropriately?)
And which particular 40-point move am I talking about today? Try
. What happened with Vitria, a stock I intended to draft first in my supplemental draft with
Matt "B2B" Jacobs
? It got mentioned by
Gary B. Smith
in this morning's
column as a great chart.
No research. No news. Just a GBS special. For 10 bucks a month, the guy just made you 40 big ones.
Join the discussion on
Cramer's Latest, go to the
Red Hots Forum
, or visit our
Oops, make that a 50-point move.
What a sector!!
I keep asking myself, where are the sellers? And I keep hearing that litany. We have created a generation of people who think it is sinful to sell, flip or take things off the table. A generation of people who would rather ride something down than pay the tax man. A generation of people who know one thing: Hold it today, there will be a buyer willing to pay more tomorrow.
And who am I to say that generation is wrong?
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. Cramer's fund may be long or short certain stocks in his B2B rotisserie league or Red Hot index. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at